Money back — guaranteed?
In a recent decision, the High Court has implied a term into a lease entitling a tenant to reclaim from its landlord a proportion of a quarter’s rent that it was required to pay to operate its break option but that related to a period of time after the break date (Marks and Spencer plc v (1) BNP Paribas Securities Services Trust Company (Jersey) Ltd (2) BNP Paribas Securities Services Trust Company Ltd  EWHC 1279 [Ch])…
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